CIE Business-Studies Paper-1: Specimen Questions 12 - 13 of 14

Passage

Priya would use any extra capital to invest in new technology. This should benefit the business by cutting costs and improving efficiency. Some managers have told her that new technology often causes problems.

Describe in Detail

The government in Priya’s country has recently passed new laws concerning working conditions. These include Health and Safety at Work laws and a maximum number of hours that can be worked per week. Do you think that employees always benefit from such laws? Justify your answer.

Explanation

Employees are always benefited from the laws which take care of their health and safety.

Write in Short

Why might new technology cut the costs of a business?

Explanation

Introduction of any kind of technology in an organization cuts the cost of the business and make people aware of new things, advanced ideas etc. some technologies completely change the cost structure for the service they provide for example Skype, provides an inexpensive service that replaces both international phone calls and videoconferencing, which previously could cost thousands of rupees annually. Focusing on the areas where improvement is needed and replacing it with certain improvement via technologies make it succeeds. Introduction of new technology helps in long run as it makes the work more efficient and it consumes less time.